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Invest in businesses any idiot could run, because someday one will.

Peter Lynch

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Peter Lynch
Age: 80
Born: 1944
Born: January 19
Businessman
Financier
Investor
the United States of America
Running
Invest
Businesses
Someday
Idiot

More quotes by Peter Lynch

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If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.
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More money is lost anticipating the changes in the overall stock market than any other way of investing.
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All the math you need in the stock market you get in the fourth grade.
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As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.
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I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
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In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.
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The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
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A lot of people got in at the wrong time. A lot of people did very well and some people said, This is it. I'll never get back in again. And they maybe meant it, but they probably got back in again anyway.
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There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.
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When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
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In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
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Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.
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Suicide is a permanent solution to a temporary problem. Suicide is a choice and I think if we work with that with kids, we'll get somewhere.
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It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.
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What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
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Gentlemen who prefer bonds don't know what they're missing.
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You can't see the future through a rearview mirror
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I'm always fully invested. It's a great feeling to be caught with your pants up.
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The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
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I spend about fifteen minutes a year on economic analysis.
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